er let's make thing clear ya

1. My OWN policy, just NOTIFY never responded but auto price up. Even no chance to pay old premium amount. Portal will AUTO changed to revised amount and no way to edit the amount when pay using portal.

2. Family member's policy, different provider than mine, which I help paying using my card. Every repricing the portal will prompt you once you logged into portal to accept / reject / edit. If keep ignoring the premium won't change. But as we know, at the cost of sustainability.

Afterall, I am expecting them revising COI or insurance charges more often in the future as more people getting sick and more people claiming

This post has been edited by coolguy_0925: Oct 30 2025, 10:34 PM

Dude you know nothing and end up confusing others.

1. Your own policy is a standalone medical policy. The company has the right to revise the premium at their own convenience. Standalone medical policies are "annually renewable". So logically if you want to be covered for another year, you pay the hiked premium or lapse.

2. Your family member's policy is an investment-linked policy (ILP). Here, the cost of insurance (COI) WILL increase, but you can opt to continue paying the same premium at the cost of the sustainability of the policy (i.e. it will terminate earlier as the fund value will run out sooner).

This post has been edited by contestchris: Oct 30 2025, 11:05 PM

As usual, always presumey he is the smartest ass

Bodoh tu simpan sikit

My Own policy with cash value, including life+CI+medical I do not know is ILP or standalone?

This post has been edited by coolguy_0925: Oct 30 2025, 11:07 PM

Then name the insurer and let them be sued. Where can an ILP premium be unilaterally increased? Unless your agent went and accepted it on your behalf, IT CANNOT HAPPEN.

Ya ya ya smartass

So many here already shown you more than 1 provider doing it

Want to sue or not is my pasal la who are you to command me what to do

Man you are posting nonsense here, making up stories without showing any proof.

Name the insurer, what is so hard? Show some evidence.

As usual ktard behavior

Not enough posting nonsense rant in kopitiam now want to interfere people sharing info

again

WHO ARE YOU TO COMMAND ME WHAT TO DO? Smart ass

Damn stupid and arrogant behavior

If you want to discuss let's do it nicely not showing that cocky kopitiam behavior

Otherwsie you are just anothe lame ktard to me



This post has been edited by coolguy_0925: Oct 30 2025, 11:12 PM

I think this guy here a bit confused (assuming he is not making stories up).

The Investment-linked Policy has TWO components:

1. Cost of Insurance (think of it as a sub-premium)

2. Actual Premium

Cost of Insurance can be unilaterally increased, whether you agree or not. This is the amount that deducts from your unit account every month.

Actual premium for an ILP CANNOT in any circumstances be unilaterally increased (except if you or your agent accept). You name the insurer, I will help you sue them.

This post has been edited by contestchris: Oct 30 2025, 11:13 PM

It's okay to be less educated but at least learn from other and do not spread untruths.

Again that arrogant like to make presumption behavior

COI and premium are 2 diff thing I dont need to show you I know or not, it is clear

Many already posted here, not just me

They got NOTIFIED and increased automatically

Scroll back

Man show some proof, let us see. I am interested to see how they word it. Don't just post without any actual facts.

Only uneducated people like you will respond without knowing how to be respectful

Untill then you are like who you are another arrogant kopitiam tard

Scroll back and MUM already posted some, I don't need to repeat the same thing

You can read right?

Anyway, I think better not to waste my time with this ungrateful arrogant guy

You want to believe or not it is up to you

This is not court, why I need to waste time preparing things to convince you

I am just sharing what I faced and others also faced the same issue as me

Well sometimes I also lazy want to share here due to such people's behavior

This post has been edited by coolguy_0925: Oct 30 2025, 11:22 PM

I must admit @coolguy_0925 is correct and I am wrong. My information must be outdated. There exist ILPs with unilateral premium increases, as per the BNM regulations on IL business.

Link: https://www.bnm.gov.my/documents/20124/9481...siness-2023.pdf

Just be less aggresive next time before shooting and calling people cheat with the presumption I must be right

I can tell you now and then I feel reluctant to share my own experience in this forum due to such behavior of a few ktards

Afterall I am just sharing with the objective to alert others

Once I was also not know what is premium and what is COI until some good ones here like adele123 and Holocene walked me thru then only I was confident in deferring my premium payment

Never mind, one more time you come with such cocky reply then welcome to enter my ignore list

EDIT: Good thing must give credit, you fact check at last.

This post has been edited by coolguy_0925: Oct 30 2025, 11:32 PM

I'm not in the position to tell other people how to run their business, their agency la.
But I have been cultivating this in my agency.
Things that I cannot do, then I don't do.
Things that I can do, so I focus and do loh.

Yea, regarding sustainability.
Again, ILP is designed as a Level-Premium product. Since COI increase, company have no choice but to first inform you.
Then they either charge you more premium at each billing cycle, or charge you the same but more frequently.
And at most they can charge to you the bare minimum to maintain the chosen sustainability that was chosen when you first bought the policy, while adhering to the maximum 5% projected return set by BNM.

I know it is your money. That part is clear.
It is also your policy contract to give you the coverage that you need.
And in the policy contract, it involves 3 parties - you the customer, the insurer, and the intermediary (someone like me).
Each party have a role to play.
So we each play our roles well for the symbiotic relationship to work.
The insurer requires the intermediary to go through the due diligence and for the qualified customers to be a long term parters;
the intermediary requires both the customers and the insurer to pull through on their respective ends,
and the customer requires the insurer to honor the contract terms and the intermediary to carry out the professional services.

Let's look at the issues at hand and discuss them objectively.
You have your respective careers and you are part of the economy, just like me, just like everyone else here.
We frankly need each other to play our respective roles and to play it well.
Then whatever PMX say on stage, all the sama2 this sama2 that... doesn't sound like a pipe dream.
So let's be objective.

I just think it's really cool that contestchris did a fact check and owned it so publicly.
And koja6049 being so graceful about it at the end too.
Takes big men with big hearts to do that

This post has been edited by JIUHWEI: Oct 31 2025, 12:18 PM

Google and found this.

Frequently Asked Questions on Investment-linked Policy/Certificate:
Mandatory Testing and Disclosure of Sustainability Coverage

https://www.bnm.gov.my/documents/20124/7616...al+02072019.pdf

This post has been edited by MUM: Nov 1 2025, 09:42 AM


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HI,

A Term Life Policy (RM50,000) with an Accelerated Critical Illness Rider (RM50,000).


Now i settled the loan with one bank (5th year of 23 yrs tenure) and pending perfection, what is the best way to deal with this insurance ?

terminate this? to continue this with AIA how ?

pls advise

This post has been edited by ichigo kawasaki: Nov 2 2025, 01:05 PM

assuming you are healthy.

how much are you paying for this coverage monthly?
50K rm is really quite small an amount... so if you are paying like 100 or 200rm pm, just cancel it lar. if you just pay like 5 to 10rm pm, sure... still worth keeping it.


note: personal opinion... not involved in insurance industry

one lump sump payment Rm5.7k for 23 yrs loan , it was at age 46.